Bitcoin price fell $2,000 before Sunday’s close, dropping to nearly $87,000 at one point, but rebounded to around $90,000 on December 8. Crypto analyst Michaël van de Poppe predicts that FOMC jitters could trigger a pullback, followed by a rapid rebound and a move toward $100,000 within the next 1 to 2 weeks.
Wild Swings Before Weekly Close Break Below 88,000
(Source: Killa)
At the close on December 7, Bitcoin fell below $88,000, with traders closely watching the sluggish trend ahead of major US macro events. Data from Cointelegraph Markets Pro and TradingView showed BTC volatility returning, with BTC/USD dropping $2,000 in two hourly candles. This dramatic price move, the most eye-catching in today’s Bitcoin news, ended a calm weekend and opened the door for a potential new “gap” in the Chicago Mercantile Exchange (CME) Bitcoin futures market.
A CME futures gap refers to the price difference that arises when the spot Bitcoin market continues trading over the weekend while the CME futures market is closed. When the CME futures market opens on Monday, any difference between the futures and spot prices forms a so-called “gap.” In technical analysis, these gaps tend to be “filled,” meaning price returns to test the gap zone. As Cointelegraph has reported, once a new macro trading week begins, such gaps are often quickly filled.
Trader Killa commented on X, “In the past 6 months, we’ve filled every CME gap.” This historical pattern provides traders with a key price forecasting tool. If this weekend’s drop forms a gap when CME opens, price may fill this zone in the coming days, implying that even a short-term drop could be a temporary technical adjustment.
Killa added in another post that Monday typically sets the tone for the week’s price action. He explained, “Typically, Monday is when key highs and lows form, and weekend price action is a decisive factor. If there’s no rally over the weekend, the likelihood of a Monday pivot low increases. If there is a weekend rally, the chance of a Monday pivot high increases.”
This observation is crucial for interpreting today’s Bitcoin news. Since Bitcoin declined over the weekend, according to Killa’s framework, a Monday pivot low is more likely. This suggests further price testing may occur on Monday but could also establish a key support level for a subsequent rebound.
FOMC Meeting Is This Week’s Biggest Wildcard
(Source: Fed Watch)
Market participants are focused on this week’s key macro topic: the Fed’s decision on interest rate changes. The market continues to expect a 0.25% rate cut at the Wednesday FOMC meeting, as confirmed by CME Group’s FedWatch tool data. According to the latest data, the probability of a 25 basis point rate cut is over 90%.
Private investment manager Peter Taal wrote over the weekend, “The rates call is undoubtedly the week’s most important event—liquidity, risk appetite, and positioning all hinge on it. We’ll also get a delayed JOLTS report worth watching. Most are expecting a 25 basis point cut.” This macro backdrop in today’s Bitcoin news shows the market is in a highly sensitive phase.
Bitcoin often faces downward pressure after FOMC announcements, which can trigger sharp volatility as the market scrutinizes Fed officials’ language for clues on future policy changes. Historical data shows that even if FOMC decisions meet expectations, Bitcoin can still see a “sell the news” drop. More crucially, Fed Chair Powell’s statements at the post-meeting press conference often have a bigger market impact than the rate cut itself.
Three Major FOMC Impacts on Bitcoin
Liquidity expectations adjustment: Rate cuts typically signal looser monetary policy, theoretically benefiting risk assets like Bitcoin
US dollar index fluctuations: Rate cuts may weaken the dollar, and Bitcoin usually moves inversely to the dollar
Risk appetite shift: The market will reassess future economic outlook and risk appetite based on Powell’s remarks
Crypto trader, analyst, and entrepreneur Michaël van de Poppe commented that FOMC-related jitters could push crypto prices down to $87,000. He told his X followers, “After that, Bitcoin will quickly rebound, confirm the uptrend, and gear up to break $92,000 and move toward $100,000 in the next 1 to 2 weeks, as the Fed reduces quantitative tightening (QT), cuts rates, and expands money supply to stimulate the economic cycle.”
$86,000 Is Bulls’ Last Line of Defense
(Source: Trading View)
Van de Poppe identified $86,000 as the bottom line for the bulls. This level has multiple significances in today’s Bitcoin technical analysis. First, from the weekly chart, around $86,000 is a key support zone after the previous breakout and a convergence point for several technical indicators. Second, in terms of volume profile, there’s significant historical trading around $86,000, meaning many investors’ cost basis clusters in this range.
If Bitcoin breaks below $86,000, it would disrupt the uptrend structure established since November and could trigger a deeper technical correction. However, as long as this key support holds, the current pullback can be considered a healthy technical adjustment rather than a trend reversal. From a risk-reward perspective, the area around $86,000 is a relatively ideal long entry zone.
Van de Poppe’s analytical framework suggests that the FOMC meeting could trigger panic selling in the short term, pushing the price down to $87,000 or even $86,000. But this decline should be short-lived, as the Fed’s rate cuts, reduced QT, and expanded money supply will provide strong fundamental support for Bitcoin over the longer term.
Three Bitcoin Price Scenarios
Bullish scenario: FOMC outcome is dovish, Bitcoin holds $88,000, and mounts a direct challenge toward $92,000
Neutral scenario: Short-term pullback to $87,000 to test support, then rebounds toward $100,000 in 1–2 weeks
Bearish scenario: Breaks below $86,000 support, could retrace to the $82,000–$84,000 range
From a macro perspective, the Fed’s rate cut cycle is bullish for Bitcoin’s long-term trend. Rate cuts mean lower real interest rates, enhancing Bitcoin’s appeal as “digital gold” and an inflation hedge. In addition, less quantitative tightening and increased money supply will provide more liquidity support for risk assets. These factors together underpin van de Poppe’s forecast for Bitcoin to move toward $100,000 in the next 1 to 2 weeks.
For traders, today’s Bitcoin news offers a clear action framework: closely watch Wednesday’s FOMC result and Powell’s remarks, look for long entries in the $87,000–$86,000 range, set stop-losses below $85,500, and target $92,000 or even $100,000.
